In this pandemic and challenging time, everyone including taxpayers is facing a lot of trouble. To make things easy for them, the Government has extended dates for GST filings. On 07th April 2020, latest notification under GST has been rolled out in two parts Here we are providing the complete details of the same
GST Dates Extended for Providing Relief to Taxpayers in COVID-19
In the same issue, Notifications 30/2020 to 36/2020 dated 03.04.2020, Circular No. 136/06/2020-GST dated 3rd April 2020 has been issued. Which states that
1. Normal Taxpayers filing Form GSTR-3B
- For taxpayers having aggregate turnover above INR 5 Cr. in previous FY return filing of the month Feb, March, April 2020 the due date is extended till 24th June 2020. Whereas, for May 2020, the extended due date for filing is now 27th June 2020. It is notable that, there will be no late fee will be levied on filing the return on or before the updated dates.
- For taxpayers having aggregate turnover of above INR 1.5 crores and up to INR 5 crores in preceding FY return filing of the month Feb, March, April 2020 the due date is extended till 29th June 2020. Additionally, Late fees have been waived if return filed on or before the extended dates.
- For taxpayers having an aggregate turnover of up to INR 1.5 crores in the previous financial year, return filing of the month February 2020 is now extended to 30th June 2020, for the month March 2020 due dates has been now extended to 03rd July 2020, and for the month April 2020 is now extended up to 06th July 2020. It is also important to mention here that late fees have been waived if return filed on or before the extended dates.
- The furnishing of return in GSTR 3B for the period’s May 2020 is now notified in a staggered manner, and only for those taxpayers having aggregate turnover of up to INR 5 Cr. in preceding FY, as follows:
- 12th July 2020: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu, and Dadra & Nagar Haveli, Puducherry, Andaman, and the Nicobar Islands, Lakshadweep
- 14th July 2020: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi
2. Normal Taxpayers filing Form GSTR-1
For March 2020, earlier the due date was 11th April 2020, but now it is extended to 30 June 2020. Similarly, for April (11.05.2020) and May 2020(11.06.2020), the due dates have been extended to 30th June 2020. Additionally, For Quarterly taxpayers Jan to March 2020 the due dates have been extended from 30.04.2020 to 30.06.2020.
3. Opt-in for Composition in FY 2020-21
This section of the notification states that “Normal Taxpayers who are looking for Composition should not file GSTR 3B and GSTR 1 for any tax period of FY 2020-21 from any of the GSTIN on the associated PAN. Form GST CMP-02 for the tax period (FY) 2020-21 got due date extended up to 30.06.2020. Whereas Form GST ITC-03 for the Tax period (FY) 2019-20 (As on 31-3-2020) got a due date extension up to 31.07.2020.
4. Compliances for Composition taxpayers:
- Form GST CMP-08 for Tax period Jan to March 2020 got due date extended up to 07.07.2020
- Form GSTR-4 for Tax period FY 2019-20 got due date extended up to 15.07.2020
5. NRTP, ISD, TDS & TCS taxpayers:
- Non Resident Taxpayers who need to file Return or Form GSTR-5 for the tax period March, April & May 2020 now can file the return up to the extended date 30th June 2020
- Input Service Distributors who need to file GSTR-6 can now fill the return form up to the extended date 30th June 2020
- Tax Deductors at Source (TDS deductors) can fill GSTR 7 Return Form up to the extended date 30th June 2020
- The Similarly Tax Collectors at Source (TCS collectors) also get relief in due date for filing form GSTR-8, the due date has been extended up to 30th June 2020
6. Extension of The Validity Period of EWB:
E-way bills (EWB) with the expiry date between 20th March 2020, and 15th April 2020, will be now valid till 30th April 2020.